19 February 2013 11:13 [Source: ICIS news]
LONDON (ICIS)--EU construction output levels dropped by 2.7% in December 2012 compared to the previous month, European Commission data agency Eurostat said on Tuesday.
Construction output for the 17-member eurozone was also down by 1.7% month on month in December, Eurostat added.
The agency also revised its output estimates for the previous month, moderating November’s output decline to 0.6%, compared to October 2012, from earlier estimates of 0.9% for the EU.
Eurostat maintained its earlier estimate of a 0.4% decline in month-on-month construction output for the eurozone during November.
Year-on-year, construction levels were down by 8.5% in the EU and 4.8% in the eurozone in December 2012, while the average production index for 2012 decreased by 5.8% and 5.4% for the EU and eurozone, respectively, compared to 2011.
Among the member states for which data was available for December, production in construction fell in six and rose in eight month on month, according to the agency.
“The largest decreases were registered in Bulgaria (-10.3%), Poland (-10.1%) and Germany (-8.9%), and the highest increases in Slovenia (+7.2%), Hungary (+3.4%) and Sweden (+3.3%),” Eurostat said.
Among the states for which data was available in December, year-on-year construction fell in 12 and rose in two, the agency added.
“The largest decreases were registered in Poland (-23.7%), Portugal (-18.2%), Bulgaria (-15.1%) and the UK (-15.0%), and the increases in Sweden (+5.2%) and Spain (+4.5%),” Eurostat said.
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